1 COMPUTER INTEGRATION CORP. AND SUBSIDIARY EXHIBIT 11 - STATEMENT RE: COMPUTATION OF PER-SHARE EARNINGS (IN THOUSANDS, EXCEPT SHARE RELATED DATA) THREE MONTHS ENDED SEPTEMBER 30, 1997 1996 ----------- --------- Primary: Average shares outstanding 12,297,310 6,948,193 Net effect of dilutive stock options and warrants--based on the treasury stock method using average market price of $1.80 per share in 1996 -- 244,222 ----------- --------- Total 12,297,310 7,192,415 =========== ========= (Loss) income applicable to common stock $ (1,131) $ 552 =========== ========== (Loss) income per share applicable to common stock $ (0.09) $ 0.08 =========== ========== Fully diluted: Average shares outstanding 12,297,310 6,948,193 Net effect of dilutive stock options and warrants--based on the treasury stock method using the period end market price, if higher than average market price -- 244,222 Assumed conversion of 9% series D and series E cumulative, convertible, redeemable preferred stock -- 1,270,000 ----------- ---------- Total 12,297,310 8,462,415 =========== ========== (Loss) income applicable to common stock $ (1,131) $ 552 Add required dividends on series D and series E cumulative, convertible, redeemable preferred stock -- 55 ----------- ---------- Total $ (1,131) $ 607 =========== ========== (Loss) income per share applicable to common stock $ (0.09) $ 0.07 =========== ========== 17